Wednesday 7 August 2013

Stock Market Trend – 08 August 2013

BASE METAL WRAP: Copper climbed to the highest level in seven weeks after trade data in China, the biggest user, exceeded analyst estimates. Aluminum, nickel, zinc and lead rose.
ENERGY WRAP: West Texas Intermediate crude rose for the first time in five days as exports and imports climbed last month in China, the world’s second-biggest oil consumer.
PRECIOUS METAL WRAP: Gold advanced before a report today that may show U.S. jobless claims increased, potentially delaying moves by the Federal Reserve to slow the pace of bond purchases. Silver and platinum climbed.
GLOBAL EVENTS TO WATCH: Consumer Credit m/m, Current Account, Employment Change, Unemployment Rate, Monetary Policy Statement, Trade Balance, BOJ Press Conference, Unemployment Claims, Natural Gas Storage, 30-y Bond Auction.
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